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Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)

Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU) - FEMA - 21 - Dated:- 8-10-2015 - RBI/2015-16/203 A. P. (DIR Series) Circular No. 21 October 08, 2015 To All Authorised Dealer Category-I banks Madam / Sir, Memora .....

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earing Union (ACU) (Memorandum ACM) issued on February 17, 2010 and the subsequent amendment to the same vide A.P. (DIR Series) Circular No.63 dated October 18, 2013. 2. In view of the understanding reached among the members of the ACU during the 44t .....

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rts of goods and services among the ACU countries. 3. Consequently, payments for all eligible a. export transactions may be made by debit to the ACU Dollar / ACU Euro account in India of a bank of the member country in which the other party to the tr .....

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